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Four months' retail sales up 22% at Asos
13 Jul '18
1 min read
Courtesy: ASOS
On a reported basis, the retail sales of Asos plc, a global fashion destination, for four months ended June 30, 2018, has climbed 22 per cent while it went up 21 per cent in constant currency. The company has recorded continued market share gain in the United Kingdom with retail sales growth of more than 23 per cent in the reported period.
The company expects FY18 sales to be within the range of 25-30 per cent and the gross margin is forecast to be around 100 basis point. "I am pleased with the way the business has traded over the last four months and we are on track with our plans for the year. We delivered good sales growth, particularly in the UK, better than planned gross margin alongside significant progress on our infrastructure investments," said Nick Beighton, CEO.
"P4 trading has started well, particularly in terms of full price sell through. We remain confident of delivering another year of strong growth," concluded Beighton. (RR)
Fibre2Fashion News Desk – India
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